The Key West Citizen Newspaper, April 25, 1953, Page 4

Page 4 THE KEY WEST CITIZEN Saturday, April 25, 1953 The Key West Citizen Pubushed daily (except Sunday) by L. P. Artman, owner and pub- lisher, trom The Citizen Building, corner of Greene and Ann Streets Only Daily Newspaper in Key West and Monroe County L. P. ARTMAN —— Publisher NORMAN D. ARTMAN Business Manager Entered at Key West, Florida, as Second Class Matter TELEPHONES 2-5661 and 2-5662 Pe re Me ae a a St ee EE Member of The Associated Press—The Aszociated Press ig exclusively entitled to use for reproduction of all news dispatches credited to it or not otherwise crédited im-this paper, and also ‘he local news published here. eee Member Florida Press Association and Associate Dailies of Florids eee Subscription (by carrier) 25¢ per week, year $12; By Mail $15.6v SEES aye eae EE ERC SSSR ADVERTISED RATES MADE KNOWN ON APPLICATION — Oe The Citizen is an open forum and invites discussion of public issue and subjects of local or general interest, but it will not publish anonymous’ communications. FLORI ESS IMPROVEMENTS FOR (KEY WEST ADVOCATED CITIZEN 1 2 2 4 . U. S. CITIZENS TURN TO CREDIT Chester A. Ruse, chairman of the Executive Commit- tee of the Security First National Bank of Los Angeles, re- cently warned delegates to the National Installment Cred- ‘it Conference at Chicago, that the rapid increase in con- ‘sumer credit totals could become dangerous, Mr. Ruse pointed out that consumer credit totals had risen sharply since Regulation W was abandoned and that it NOW represents ten per cent . of disposable income, “whieh is the highest percentage it has ever been, equal- led only by 1989 and 1940.” In this connection, a recent survey indicated that American consumers this year .ex- pected to do more installment buying than ever before in the history of the country and this would ‘indicate that consumer credit totals in the United States will soon sur- Pass the figure quoted by Mr. Ruse. The Los Angeles bank official believes that pressure. will increase for new lines of eredit to finance companies, automobiles and appliance dealers and that it will require skill to keep credit in this field on a sound basis. When the total of consumer credit becomes too large, then it will be too late to avoid serious trouble for many bank customers, Mr. Ruse observes. « .,.While wesdo not believe the economy is in danger be- cause of the large installment-buying volume of recent years and the resulting credit total, we take this opportun- ity to point out to the unsuspecting that credit purchases can be very costly in the event of even a mild recession. Not only is credit buying more expensive, because of in- terest charges, but it also carries with it the possibility that the consumer might pay most of the cost of his pur- chase arid then lose it completely. In view of recent reports that installment-buying was steadily and sharply rising and expected to rise further, we advise every consumer to limit his monthly payments to a figure which he could meet even if temporarily unem- ployed. The passing of the peak of the rearmament boom is sure to cause some readjustment, although not expected to cause any mass unemployment. It is only wise policy to be prepared for any effects of an economic readjustment, but carrying it out today when there are no credit controls and when money seems to be relatively plentiful, involves considerable resistance to the temptation to enjoy a new purchase today and pay for it tomorrow. A grown-up person is one who wants nothing that he has not earned. “WASSAMATTER | DON'T YA QELIEVE IN Si Key West In Days Gone By The Citizen Files channels and have a concrete bulk- head or retaining wall constructed at the easterly end of Key West. Heavy offerings of freight make Necessary that the Mallory line put on an extra ship for the sail- ing from New Origans, Key West, Miami and Jacksonville trip ear- ty in May, Turtle cakes will be a specialty offered at a dinner sale announced for tomorrow by ‘the ‘women of For several dayS’a gang of car- Penters has been at work making Tepairs to the decking of the Port- er Dock company’s piers, The work is well under way and it will be finished within the next 10 days, it is expected. With the sailing of the Cuba for Havana today the shio makes the last round trip scheduled for the season. George Allan England's views of Dry Tortugas will be shown shortly on the screen in Miami. Benjamin D. Trevor, who ac- companied his partner, George F. Morris to Hendersonville, N.C. rerturned yesterday. Edgar Taylor left yesterday for Islamorada for a visit of two weeks. 1 YEARS AGO April 25, 1943, fell on Sunday. No Citizen, LET OUT OF JAIL DESPITE PROTEST OKLAHOMA CITY —A man who wanted to go to jail for five years to be with his pal was freed Thursday by District Judge Clarence Mills despite his protest. Oscar Lee Clark had pleaded guilty to a car theft charge ear- lier in the week. He asked for a five year term like the ene given his friend, Leon Wilkerson, whe was sentenced for car theft and burglary. But Clark had no previous con- vietions, and am assistant district attorney recommended a suspend ed sentence. Clark said thanks. | jhe wanted to go to jail, He had} | agreed with Wilkerson they would | Stay together, and Be wanted it that way | But Judge Mills paid no heed. “This doesn't make sense,” he said. “Everybody that comes be- fore me weots cut.” He suspended | Glark’s five year sentence, SUBSCRIBE TO THE CITIZEN OF NO, THIS IS NOT A BUNCH makers relaxing between takes. camera, right, indulge in fast Robert Polo, stand-in for Gi the 20th Century Fox opus the company.—Citizen Staff Photo, Finch. OF WATERFRONT TOUGHS, J. Ca N left fore mes don an up-ended box, Ibert F nd (ir } bei he Saat 4 / Ty 4 MOON g Drive out, bring your family, and see the new 1953 New Moon mobile apartment homes as they were displayed at the National Trailer Show in Houston, Texas. These new 1953 models were the smash hit of the show because of their advance: design and ‘improved convenience features for better living. They are completely furnished, ready to set-up housekeeping and live in.” Come owi, and see for your- self why thousands of families have found that New Moon Living is the answer to better living and st amazingly low cost. America’s Finest Compicte™ As Editorially Featured Furnished mobile ee So New Moon has been selected, by prominent reporters of leading national publications, as an outstanding example of a perject home for mobile living. They poimt out thet these mobile apartment homes are complete — thet the first cost is the last cost — that they) feature plastic-tiled bathrooms with shower, toilet and tub; antometic heating systems) and spun glass insulation; modern all stcel Youngstown kitchens with built-in cabinets, sink, and refrigerator; availability in one and two bedroom models and sizes to meet most every family living need. They publicize national statistics indicating the tremendous im crease of families turning to New Moon Living os the answer to their howung and eco- nomic living problems. = Bill Walter Says: Worry Free Financing is available through Michigan National Bank or Union Bank of Michi- gan, at Banking Rates of 6 ‘« a year. If purchaser should die or be killed during the term of the finance contract, the trailer auto- matically becomse PAID IN FULL, Or——if ill or injured, the peyments are paid on a pro-rata basis after the 14th day. Required dewn payment—1/3 of sale price or trade-in of equivalent value. TROPICAL TRAILER SALES 79th St. at N.W. 14th Avenue, Miami i PHONE 78-1288 NIG HE PANE pe ye kag oo Se ap re TF OF THE NATIONAL T.CM.A DISPLAYED AND SOLD EXCLUSIVELY BY BILL WALTER'S Tropical Trailer Sales | MIAMI, FLA. BETTER LIVING ! for It's a group of Hollywood movie round, and Robert Wagner, facing the Looking on are Al Siegel, assistant director for y. tyansportatiea captain for